Tim Cook to step down as Apple CEO, with John Ternus tapped as successor
Summary
Tim Cook will step down as Apple's CEO later this year and become the executive chairman of the board. John Ternus, who has worked at Apple for 25 years, will take over as CEO starting September 1.Key Facts
- Tim Cook will leave his role as Apple CEO later this year.
- Cook will become the executive chairman of Apple's board, replacing Arthur Levinson.
- John Ternus will become Apple's new CEO on September 1.
- Ternus has been a senior vice president of hardware engineering at Apple.
- Ternus has worked at Apple for 25 years.
- Cook praised Ternus for his engineering skills and leadership qualities.
- Ternus said he feels honored to continue Apple's mission and mentioned Steve Jobs and Cook as influences.
- The announcement was made publicly by Apple on a Monday.
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